Barclaycard (Ring) Interesting Article

Barclaycard (Ring) Interesting Article

Hope I'm posting this in the right area. I came across this article written by a Barclays Bank employee that gives some interesting (at least to me) perspective from a lender's point of view on CLI and CLD. Hopefully I didn't miss this already in the Barclays thread, but I found it to be a very good read on why they do what they do. Two things that stood out for me; only 2-3% of their customers have more than 1 account with Barclays and they view balances as income and open credit lines as risk.

Re: Barclaycard (Ring) Interesting Article

pretty good read -- basic stuff (your two line summary pretty much hit the nail on the head), but i love the transparency of barclays and what they're doing with their Ring product. i imagine this would be incredibly insightful and easy to follow along for those less versed in credit.

Re: Barclaycard (Ring) Interesting Article

Glad you all got something out of it (even if it's a refresher). In all my history with Barclays I never wanted a balance to post (which I knew was the wrong thing to do with them), but after reading this I actually make an effort to let Barclays report a balance

Re: Barclaycard (Ring) Interesting Article

Thanks for posting this. It appears as though there is a middle-ground safe zone for Barclays balances. Her utilization was too high on the card that received a decrease, but it was just right on the card that received an increase. No utilization would have resulted in neither CLI nor CLD (according to the author of the article).

Re: Barclaycard (Ring) Interesting Article

DaveSignal wrote:

Thanks for posting this. It appears as though there is a middle-ground safe zone for Barclays balances. Her utilization was too high on the card that received a decrease, but it was just right on the card that received an increase. No utilization would have resulted in neither CLI nor CLD (according to the author of the article).

+1 That's what I took from the article as well. Good read! Now I want to get a Barclay card! lol

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation.
Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies.
Many factors affect your FICO Scores and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating.
FTC's website on credit.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.